Digital Realty Trust, Inc. (NYSE:DLR) Holdings Cut by M&T Bank Corp

M&T Bank Corp decreased its stake in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,806 shares of the real estate investment trust’s stock after selling 344 shares during the quarter. M&T Bank Corp’s holdings in Digital Realty Trust were worth $20,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC lifted its position in Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 59 shares in the last quarter. Stolper Co raised its holdings in shares of Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after purchasing an additional 64 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 64 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Digital Realty Trust by 6.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 67 shares in the last quarter. Finally, Catalina Capital Group LLC raised its holdings in shares of Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock valued at $424,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the topic of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Truist Financial raised their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a report on Tuesday, February 18th. Finally, Barclays raised their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.00.

Read Our Latest Research Report on Digital Realty Trust

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Performance

NYSE DLR opened at $157.48 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm has a market capitalization of $53.01 billion, a price-to-earnings ratio of 97.21, a P/E/G ratio of 4.38 and a beta of 0.65. The company’s fifty day moving average is $169.84 and its two-hundred day moving average is $170.01. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLRGet Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s payout ratio is 301.23%.

About Digital Realty Trust

(Free Report)

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

See Also

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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